NEW YORK: Prime Minister Narendra Modi and Nobel laureate Kailash Satyarthi have been named among the 50 greatest leaders in the world by Fortune magazine in its annual list of "extraordinary" men and women transforming business, government and philanthropy. Modi is ranked 5th on the 2015 roster of 'World's Greatest Leaders' with Satyarthi coming in at the 28th spot.

The list has been topped by Apple CEO Tim Cook. A notable exclusion from the list is US President Barack Obama, who has not been named in the list for a second year in a row.Fortune said that "faced with difficult circumstances" domestically and globally, Obama has "surrendered."On Modi, Fortune said the Indian leader has "actually" begun to deliver on his election promises and is "making genuine progress" in his efforts to make India more business-friendly and less regulated, addressing violence against women, improving sanitation and "patching up relations with other Asian countries and the US".It said there is still a "long way to go" and fully achieving Modi's goals will require "reforming India's powerful, widely corrupt bureaucracy."